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Defining Issues: SEC Simplifies and Updates Disclosure Requirements

The SEC has adopted a rule to update and simplify certain disclosure requirements for the benefit of investors and issuers. The rule amends Regulations S-X, S-K, M-A, and AB as well as the Securities Act, the Exchange Act and the Investment Company Act.

As part of its initiative to improve the disclosure regime, the SEC has adopted amendments to simplify the disclosure process for preparers while retaining information that is useful for investors to make decisions